The Hong Kong Securities and Futures Commission plans to collaborate with the police and licensed institutions to use a 24/7 suspension mechanism to freeze funds involved in cryptocurrency scams.

2026-03-10 11:56:43

Odaily Planet Daily reports that Hong Kong Securities and Futures Commission CEO Lisa Ma Ka-yee stated that in 2025, the organization received nearly 900 investment scam complaints, a quarter of which are related to virtual currencies. The Hong Kong SFC will collaborate with the police, customs, the Hong Kong Monetary Authority, licensed brokers, and virtual asset service providers (licensed institutions) to establish communication channels with licensed institutions, actively cooperate with the police anti-fraud coordination center’s “24/7 Stop Payment Mechanism” to freeze transactions involving scams or high risks in real-time. (Aastock)

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